Global Hydrogel Dressing Market Report and Forecast 2024-2032

Global Hydrogel Dressing Market Outlook

The global hydrogel dressing market attained a value of USD 12.50 billion in 2023, driven by the increased prevalence of ulcers, diabetes, obesity, blood clotting in trauma cases, military accidents, rise in elderly population, chronic conditions, and surge in demand for amorphous hydrogel goods. The market is anticipated to grow at a CAGR of 7.8% to attain a value of USD 24.58 billion by 2032 during the forecast period 2024-2032.

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Increasing Demand for Amorphous Hydrogel to Augment the Growth of the Global Hydrogel Dressing Industry

Amorphous hydrogel currently leads the global market and is expected to do so during the forecast period. Amorphous hydrogel rehydrates the injured tissue by providing moisture to a dry wound and maintaining a wet healing environment. The increased prevalence of ulcers, diabetes, obesity, blood clotting in trauma cases, military accidents, rise in elderly population, chronic conditions, and surge in demand for hydrogel goods are some of the key factors driving the market growth.

The Asia Pacific to Provide Significant Growth Opportunities to the Hydrogel Dressing Industry

Over the forecast period, the Asia Pacific is expected to be an emerging market for hydrogel dressing. The market is expected to grow due to increased awareness of hydrogel dressing and the increased usage of hydrogel dressing products among consumers. Furthermore, the rise in the incidence of chronic diseases, high disposable income, and innovations in the field of healthcare are all contributing to the market growth in this region. Because of the large populations in India and China, the prevalence of diabetes and ulcer patients is also significant, thus, fuelling the expansion of the Asia Pacific hydrogel dressing industry.

Hydrogel Dressing: Definition and Segmentation

Hydrogel dressings are used to control fluid exchange in both acute and chronic wounds. Synthetic polymers, such as polyvinyl pyrrolidine and methacrylate, are used to make these dressings. They have a basis of glycerine or aloe and contain more than 90% water. Hydrogels aid in pain relief, wound cooling, and wound debridement, whereas granules are used on mild burns, painful wounds, dry wounds, and radiation damage, among others.

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By product type, the industry is segmented into:

• Amorphous Hydrogel
• Impregnated Hydrogel
• Sheet Hydrogel

The market can be broadly categorised on the basis of end use into:

• Hospitals
• Physician’s office
• Others

The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Technological Innovations in Wound Closure Techniques to Bolster the Growth of the Global Hydrogel Dressing Industry

The market is being driven by the growing technological advancements in wound closure procedures, such as injectable stimuli-responsive amorphous hydrogels for halting bleeding in trauma situations. Furthermore, the growing geriatric population, improved healthcare infrastructure, and improvements in remote monitoring technologies in advanced wound care devices are all driving the market expansion. A prominent driver for the market is the rise of government efforts aimed at raising awareness among diabetic patients about diagnosis and treatment. A major factor expected to boost the global market for hydrogel dressing during the forecast period is the considerable focus of key market players on producing cost-effective solutions in order to improve the quality of patients' lives. The increased number of unintentional instances and burn injuries are two significant factors expected to propel the hydrogel dressing industry forward throughout the forecast period.

Key Industry Players in the Global Hydrogel Dressing Market

The report presents a detailed analysis of the following key players in the global hydrogel dressing market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Axelgaard Manufacturing Co., Ltd.
• Coloplast Corp
• 3M Co.
• Cardinal Health
• ConvaTec Inc.
• B. Braun Melsungen AG
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report